PolarLake Sign Two More Global Tier 1 Banks
Published December 15, 2009 / Press Releases
PolarLake today announced they have signed deals with two more Global Tier 1 Banks to use the PolarLake RDD product as part of strategic Data Management programmes.
“These two recent wins bear out the continued demand in the market for a Reference Data specific distribution product”, John Randles, CEO PolarLake commented, “These projects are complex projects and are global in scale. The risk of building distribution applications with generic ETL and EAI tools was deemed far too high. Aggressive time to market objectives for integration projects related to risk management and cost control were only achievable with PolarLake for both these organisations”
The reasons PolarLake was selected were:
Operational Control: PolarLake gives the business operations confidence and control over the distribution process with an embedded control panel and delivery agents
- Speed: PolarLake enables faster development and faster operational data delivery over traditional approaches. A purpose built Business Analyst Workbench enables rapid mapping and testing in an excel like environment
- Addressing complexity: PolarLake is built to address complexity of Reference Data Distribution, providing batch, real time, request reply with an inbuilt distribution policy rule engine which is easily configured.
PolarLake enables firms to deliver on the full promise of EDM, integrating into downstream systems with 75% less time and 80% less resources than generic ETL products. Its flagship product, PolarLake RDD (Reference Data Distribution) is a domain specific Integration application built to manage to end-to-end process of Reference Data Distribution.
PolarLake RDD provides unique capabilities for Business Operations, Business Analysts and Technology to manage and control Reference Data Distribution. PolarLake has been recognized by Industry Analysts as a leader in its space, named by Aite as the most packaged Reference Data Distribution solution and included in the Gartner visionaries’ quadrant. PolarLake’s clients include Global Sell side, Buy side and Asset Servicing Institutions.
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